Famed investor Howard Marks is on bubble watch for the stock market. Marks said past bubbles involved new innovations, like AI, that ultimately led to sky-high valuations. However, while the market environment is frothy, it’s missing a key bubble ingredient, Marks said. Legendary investor Howard Marks, who famously warned about the dot-com bubble just three…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Sometimes it’s better to be lucky than good, but nothing beats being lucky and great. Former NFL tight end Rob Gronkowski, who won multiple Super Bowls during his illustrious career, certainly qualifies as great. However, he was also…
The tycoon behind China’s RoyalFlush trading app has added $6 billion to his wealth since the nation’s stimulus blitz in September, underscoring how the volatility has been a boon for an elite few. Yi Zheng, an engineering graduate who founded the entity behind Hithink RoyalFlush Information Network Co. in 1994, four years after China’s stock…
Even in an age of instant communication and live financial data, investors have had to wait days to take ownership of the stocks they purchased or to receive payment for the stocks they sold. No longer. Since May 28, US stock trades have “settled” in one day rather than two. Global banks, brokers and investors…
Hong Kong’s economic growth this year is expected to be near the lower end of its forecast range, Financial Secretary Paul Chan said in his weekly blog. The city’s government released a forecastBloomberg Terminal in August saying this year’s growth would be in the range of 2.5% to 3.5%. It’s set to announce full-year economic…
The New York Stock Exchange is extending trading on its Arca equities venue to 22 hours on weekdays, capitalizing on global demand for US stocks. The largest US stock exchange will offer trading on Arca — one of its main venues — from 1:30 a.m. to 11:30 p.m. eastern time on all weekdays, excluding holidays,…
Robinhood’s (HOOD) evolution from meme stock trading champion to a wealth management platform rages on. The company said late Wednesday it will be launching futures and index options trading on its app, a move widely telegraphed for months. Both features will debut on Robinhood’s app “soon,” per Robinhood. The company also took the wraps off…
China’s 200 million-strong army of retail investors was supposed to help the market turn a corner. Instead, it has become a source of weakness. The country’s $9.7 trillion stock market experienced a rapid boom and bust starting late September, when central bank stimulus pushed the benchmark CSI 300 Index 25% higher in five days of…
Hong Kong’s leader is expected to make bolstering the economy a priority in an annual speech this week, using it to lay out an agenda that includes a potential cut to a liquor tax and possible measures to strengthen the city’s status as a finance center. Chief Executive John Lee will deliver his policy address…